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Property tax payments are taxes you pay based on the value of your home as well as your state and municipality tax rates. This tax on real estate is paid to county or local...

Florida property tax homestead exemption reduces the value of a home for assessment of property taxes by $50,000, so a home that was actually worth $100,000 would be taxed as though it was worth only $50,000.

You must pay tax on each $100 of your property’s assessed value. To determine the amount of property tax due, divide your property’s assessed value by $100, then multiply that amount by the ...

This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property times an assessment ratio times a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.